Polish payment fintech BLIK enters the Romanian market

  • March 10, 2023
  • Future Banking
  • 2 min read

BLIK company, leader on the payment systems market in Poland, is launching in Romania, the second largest market in Central and Eastern Europe.

The newly established company, BLIK Romania, will develop a unique and innovative digital payment system in RON that will bring a number of major advantages, including high security and simplifying payments by generating and using an individual six-digit code for each transaction. In the first phase, the system operator will focus on implementing the solution in e-commerce.

BLIK is a payment system available in mobile banking applications, connected to a bank account that does not require the user to have a physical or virtual card. It allows payment in online stores and traditional payment terminals, as well as cash withdrawal from ATMs. Payment via BLIK involves generating a unique six-digit code valid for two minutes in the bank’s application, which is then entered online, at a terminal or at an ATM to initiate the transaction. Each transaction needs to be confirmed in the bank’s mobile application.

BLIK is currently the most popular payment method in Poland. In the eightd years of its presence on this market, BLIK has attracted a significant number of active and loyal users – approximately 26 million mobile apps are already registered in the BLIK system and almost 13 million BLIK users perform payments regularly every month. From 2015 to the end of 2022, almost 2.8 billion transactions worth EUR 78.7 billion (PLN 371.4 billion) were completed in the system.

Read more on futurebanking.ro